Nat Gas News – August 28, 2017

Nat Gas News – August 28, 2017

Feds Okay $2 Billion Natural Gas Line from Columbiana County Ohio to Michigan

WFMJ reported: The Federal Energy Regulatory Commission on Friday gave the green light to a plan by Nexus Gas Transmission LLC to construct the 36-inch diameter underground pipeline that would carry natural gas products from the shale gas fields of Eastern Ohio to Michigan and Canada. The project includes five compressor stations in the Ohio including one in Hanoverton and another in Salineville. Each compressor station would take up about an acre of land in order to compress the natural gas and keep it flowing through the pipeline. The plan met with resistance from some communities along the route of the pipeline and individuals with concerns about the possible geological and environmental effects, as well as the impact on residential property values. Proposed alternate routes were rejected by the government. Supporters of the pipeline argued that the lack of a quick, convenient way to transport energy products has been restraining oil and gas production. For more visit wfmj.com or click the following link http://bit.ly/2wbAC1L

Hurricane Harvey Closes Key Oil and Gas Facilities in Texas

CNBC reports: Key oil and gas facilities along the Texas Gulf Coast have temporarily shut down as Hurricane Harvey pounds the region with torrential rain and high winds, virtually assuring gasoline prices will rise in the storm’s aftermath. Even before the Harvey made landfall late Friday, dozens of oil and gas platforms had been evacuated, at least three refineries had closed and at least two petrochemical plants had suspended operations. How soon they reopen depends on the severity of flooding and the resumption of power to the areas. Experts say it’s still too early to say, with the storm still moving through the region. But they believe gas prices will increase 5 cents, to 25 cents per gallon. For more on this story visit cnbc.com or click http://cnb.cx/2wBRXSq

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The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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